Alamos Gold Inc. (TSE:AGI) Receives C$59.63 Average Target Price from Brokerages

Shares of Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$59.63.

A number of analysts have recently commented on AGI shares. Desjardins set a C$64.00 target price on shares of Alamos Gold and gave the company a “buy” rating in a report on Friday. TD Securities dropped their price objective on shares of Alamos Gold from C$56.00 to C$55.00 in a research note on Monday, November 3rd. National Bankshares upped their price objective on shares of Alamos Gold from C$56.00 to C$64.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. CIBC lifted their target price on shares of Alamos Gold from C$55.00 to C$74.00 in a report on Friday, October 10th. Finally, BMO Capital Markets upped their price target on Alamos Gold from C$48.00 to C$51.00 in a research note on Tuesday, September 16th.

Alamos Gold Stock Performance

Shares of AGI stock opened at C$52.76 on Friday. The company has a market capitalization of C$22.20 billion, a P/E ratio of 41.22, a PEG ratio of -2.10 and a beta of 0.84. Alamos Gold has a fifty-two week low of C$25.69 and a fifty-two week high of C$52.83. The company has a debt-to-equity ratio of 8.48, a quick ratio of 1.06 and a current ratio of 1.62. The stock has a 50 day moving average price of C$46.70 and a two-hundred day moving average price of C$40.82.

Alamos Gold (TSE:AGI) (NYSE:AGI) last released its quarterly earnings results on Wednesday, October 29th. The company reported C$0.65 EPS for the quarter. Alamos Gold had a return on equity of 7.84% and a net margin of 19.89%.The business had revenue of C$643.72 million during the quarter. Analysts expect that Alamos Gold will post 1.4774775 earnings per share for the current year.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.